Quantitative Aptitude: Profit and Loss Set 6

Profit and Loss Questions NICL AO, IBPS PO/Clerk, OBC SO, Dena Bank PO, SBI PO, BOI and other competitive exams.

1. If a person reduce his selling price of an article by rs40 then the suggested profit of 33(1/3)% convert into loss of 20%. Find the cost price?
   A) Rs60
   B) Rs75
   C) Rs100
   D) Rs150
   
   View Answer

   Option B
   Solution:
   .                                        C.P………………S.P
   33(1/3)% gain=1/3            3………………….4
   20%LOSS= 1/5                 5………………….4
   Make C.P same & we will get
   15………..20
   15…………12
   20-12 =8
   8 =40
   1 =5
   15 =75
2. The price of an article increase by 20% and a man now get 10kg less, if he also reduce his consumption by 20%, then find how much kg of article he used to purchase in normal price?
   A) 15kg
   B) 20kg
   C) 30kg
   D) 40kg
   
   View Answer

   Option C
   Solution:
   .       100
   80             120
   120 -80 =40
   40/120 * T =10
   T = 30kg
3. A shopkeeper sell his goods at 25% loss but he uses false weight of 30%. Find the loss or profit of shopkeeper in this whole process?
   A) 50/7% profit
   B) 50/3% profit
   C) 50/7% loss
   D) 50/3% loss
   
   View Answer

   Option A
   Solution:
   .          1000
   700                 750
   750 – 700 = 50
   50/700 *100 = 50/7% profit
4. A shopkeeper sells an article at 25% profit. Had he bought it for 10% loss and sold it for rs16 less, he would have earned 30% profit. What is the actual cost price?
   A) 100
   B) 150
   C) 175
   D) 200
   
   View Answer

   Option D
   Solution:
   let C.P = 100
   CP………………….SP
   100……………….125
   At 10% loss
   90………………….117…..125- 117= 8
   .         +30% profit
   8 =16
   1 =2
   100 =200
5. A dishonest milkman sells milk at cost price but he mixes water and earns 14(2/7)%. Find the ratio of mixture and milk in the mixture?
   A) 7 : 1
   B) 7 : 8
   C) 1 : 7
   D) 8 : 7
   
   View Answer

   Option D
   Solution:
   milk : water
   100 14(2/7)
   7 : 1
   Milk =7
   Mixture = 7+1 =8
   Mixture : milk
   8 : 7
6. A man sells his two articles at Rs1200. At one he gains 25% and at another he gains 16(2/3)%. Overall he gains 20%. Find the cost price of first article?
   A) 500
   B) 400
   C) 600
   D) 700
   
   View Answer

   Option B
   Solution:
   first we find C.P of both
   20% gain = 1/5
   SP is 1200, so 1+5 = 6 = 1200. SO 5 = 1000
   25……………………………….50/3
   …..                 20
   10/3…………………………..5
   2 : 3
   2/5*1000 = 400
7. A sold an article to B at the profit of 25%, B sold it to C at loss of 10% and C sold it to D at the profit of 20%. If D paid rs27, then how much A paid to buy this article?
   A) Rs20
   B) Rs15
   C) Rs12
   D) Rs9
   
   View Answer

   Option A
   Solution:
   125/100 * 90/100 * 120/100 * X = 27
   X = rs20
8. A man buys some toffees at 5 toffee in 3rupee and same number of toffee at 5 toffee in rs4. He sold all of them at 5 toffee in 4 rupee. Find his overall gain or loss percent?
   A) 16(2/3)%
   B) 10%
   C) 20%
   D) 14(2/7)%
   
   View Answer

   Option D
   Solution:
   .           Rs………..Qty
   .             3………….5
   .             4………….5
   C.P       Rs7      10toffees
   He sold at 5toffees in Rs4 so for 10toffees he gets Rs8
   C.P =Rs27………. S.P = Rs28
   Profit % = 1/7 *100 = 14(2/7) %
9. By selling 144 hens Mahesh suffer a loss equal to the selling price of 6 hens. Find his loss percent?
   A) 4%
   B) 3%
   C) 9%
   D) 4(1/2)%
   
   View Answer

   Option A
   Solution:
   loss = C.P – S.P
   S.P of 6 hen = C.P of 144 hens – S.P of 144 hens
   S.P of 150 hens = C.P of 144 hens
   6/150 *100 = 4% loss
10. If a man wants to gain 33(1/3)% after allowing a discount of 16(2/3)%. Then find how much percent he has to increase his C.P to make M.P ?
    A) 33(1/3)%
    B) 50%
    C) 60%
    D) 66(2/3)%
    
    View Answer

    Option C
    Solution:
    gain 33(1/3)% =1/3
    C.P …………………..S.P
    3…………………………4
    Discount 16(2/3)% =1/6
    M.P…………………….S.P
    6………………………….5
    Now make S.P same and we will get..
    C.P………….S.P……………M.P
    15……………20……………..24
    24-15 = 9
    9/15 * 100 = 60%